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20121205
20121213
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. you know what? one of the main things that the trading community has been looking at is a defense contractor. these guys are ground zero for any fiscal cliff stress. yesterday when the president got on and the future started selling off, we were watching the defense contractors. they weren't sliding whatsoever. so we were telling our clients, this is a near term blip in the market. unfortunately we are surrounding by headline trading. but a lot of the underlying current right now seem to be saying that the deal is saturdaying to come together. and i think becky hit it right on the head in the prior segment saying we're not seeing these guys in front of the cameras. they're in the rooms talking, which is important. so we keep telling clients, watch these defense contractors. it has utx, it has boeing, it has lockheed martin. these guys will be the most impacted by sequestration if this hits. so we always watch this for stress if the market is selling off for cliff reasons or if it's just a near term emotional blip. kelly, the other thing we're paying a lot of attention to is the go
in the uk will be spending this financial year on health, transport and defense in aggregate. >> you were talking quite rightly about the low level of he have credit growth in the uk, which has obviously been a feature of this period. but there's a question of what's cause and what's effect there. the banks will tell you that that problem is not so much availability of credit, there's credit demand and even in the mortgage sector which under normal circumstances you might have been eager to see people borrow money. we're seeing net repayments for the first time for a very, very long time. so you can take the economy to water, but you can't make it drink. how do you respond. >> i say of course the banks would say that, they would say the problem is all the economic outlook and what the government does and of course the government will say it's the banks, both of them have to work this tandem to get credit to businesses. we don't have the same kind of culture in our banks here in the uk as they do in germany. local saving banks which actually see part of their purpose ensuring those access
wealth of 2009, we actually grew 2% and gained market share. there is a defensiveness. that is also created by the fact that we operate in a little less than is 00 countries. you know, locally with local teams so that gives us a natural hedge. and the other natural hedge that we have is that we sell fragrances and flavors to wide variety of brands. you know, local, regional or multi national clients which gives us a natural hedge from that standpoint. >> but then as you expand in the gd markets, i assume that you're confronted with a huge challenge. you're standing here in switzerland, you're thousands of miles away from where the end consumer is. how do you actually know what consumers let's say in south america, africa actually like in terms of fragrances? >> it's imminently linked to the culture of a local country. especially on the state side, especially on the flavor side. so we don't create fragrances and flavors for the indians and the chinese. we have 9,000 people around the world. half of them create the next fragrances and flavors. and out of those 4,500 people, you have r
Search Results 0 to 2 of about 3